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This week’s vital property news: €30 million redevelopment for Bray's main street

Everything you need to know in one quick guided tour.

PastedImage-61994 Proposed development in Florentine Centre Source: Savills

The Big Movers

After 20 years, the derelict site in Bray’s town centre is to be redeveloped

The Florentine Centre, a 2.4 acre site on Bray’s main street, is getting redeveloped. The site has been earmarked for developments since 1996 and was recently bought by Wicklow County Council.

Lynam’s Hotel on O’Connell Street has sold for almost €6 million

The 42-bedroom hotel sold for nearly €2 million more than CBRE Hotels had guided for the property when it was listed, according to the Irish Independent.

Under Construction

Source: Daft.ie

  • Grafton Street is the world’s 13th most expensive main street on which to rent retail space, according to the annual Cushman and Wakefield report. The report tracks 462 of the top retail streets around the world.
  • A new report by the Central Statistics Office shows residential property prices rose by 7.3% in the year to September. In the year to August the increase was 6.8% and there was an increase of 4.2% in the year to September 2015, according to RTÉ News.
  • Jordan Auctioneers in Kildare have a 1.5 acre site in Newbridge with planning permission for 21 three and four-bedroom townhouses, according to the Irish Independent.

 Des Res

This condo in New York’s Financial District is selling penthouses for around $30 million (approximately €27.9 million), such as this 6,000 square foot, five-bedroom unit. Fancy seeing how the other half live? Check it out here.

This week’s vital property news: €30 million redevelopment for Bray's main street
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All images: Business Insider

And Finally…

Vacancy rates on retail properties have reduced or stabilised in most towns and cities across Ireland, according to a retail market report by CBRE detailed in the Irish Independent.

Read: More than 130 new office buildings planned for Dublin

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About the author:

Edel Corrigan

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